In many cases, the end of the year gives you time to step back and take stock of the last 12 months. This is when many of us take a hard look at what worked and what did not, complete performance reviews, and formulate plans for the coming year. For me, it is all of those things plus a time when I u...

Western Wind is continuing to work with the Puerto Rico Electric Power
Authority ("PREPA") in meeting its new Minimum Technical Requirements
for frequency regulation and power control.

The completion of these outstanding technical issues and subsequent
financial close will significantly increase the valuation of the entire
company, which is consistent to our previous July 30, 2012 news release
indicating financial close of Yabucoa is an essential and important
milestone needed for shareholders to receive the highest value in the
sales process. Financial close will not happen before January 28, 2013
and therefore the current Brookfield bid does not reflect this
significant milestone and achievement.

Tax Credits

For the monumental benefit of the entire US wind energy industry,
including Western Wind, today the United States Congress approved a
vital extension of the Production Tax Credit, the Investment Tax Credit
and Bonus Depreciation. The Investment Tax Credit allows 30% of an
entire wind project's eligible capital cost to be claimed as a full tax
credit to a US taxpayer. In the alternative, the Production Tax Credit
allows a credit of 2.2 cents per kwh for 10 years of the project's
life, plus an inflation adjuster.

This is phenomenal news for the Western Wind shareholder, as all of our
development assets must now be re-evaluated and appraised for their
full development potential, as the new credits cover a wide variety of
funding options.

Jeff Ciachurski, President of Western Wind Energy states "it is crystal clear to Western Wind shareholders, that the Brookfield
bid price does not include Yabucoa nor did it ever include the
assumption that the wind tax credits would ever been extended. Not
only did Congress extend the Production Tax Credit, it also extended
the Investment Tax Credit and Bonus Depreciation. In essence, US
Treasury is paying for 30% of the capital costs of a wind project in
the US. This amount is hugely significant and infers that the United
States is still the # 1 place in the world to be building, owning and
operating wind and solar facilities. In countries outside of the US,
the shareholders have to dilute themselves by paying for 30% of a wind
or solar project(s) capital costs by way of cash equity contribution.
This celebrated move by the United States Congress adds deep value to
our development pipeline."

ABOUT WESTERN WIND ENERGY CORP.

Western Wind is an independent vertically integrated renewable energy
production company that owns and operates wind and solar generation
facilities with 165 net MW of rated capacity operating in the States of
California and Arizona. Western Wind further owns substantial
development assets for both solar and wind energy in the U.S. The
Company is headquartered in Vancouver, BC and has branch offices in
Scottsdale, Arizona and Tehachapi, California. Western Wind trades on
the TSX Venture Exchange under the symbol "WND", and in the United
States on the OTCQX under the symbol "WNDEF".

Western Wind owns and operates three wind energy generation facilities
in California, and one fully integrated combined wind and solar energy
generation facility in Arizona. The three operating wind generation
facilities in California are comprised of the 120MW Windstar, the 4.5MW
Windridge, both in Tehachapi, and the 30MW Mesa facility near Palm
Springs. The facility in Arizona is the Company's 10.5MW Kingman
integrated solar and wind facility. The Company is further developing
wind and solar energy projects in California, Arizona, and Puerto Rico.

ON BEHALF OF THE BOARD OF DIRECTORS

"SIGNED"

Jeffrey J. CiachurskiPresident & Chief Executive Officer

Neither the TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.

CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION

This news release contains certain statements that may be considered
"forward-looking statements, such as references to the intended sale of
Western Wind and its assets. Forward looking statements are statements
that are not historical facts and are generally, but not always,
identified by the words "expects", "plans", "anticipates", "believes",
"intends", "estimates", "projects", "potential" and similar
expressions, or that events or conditions "will", "would", "may",
"could" or "should" occur. The forward-looking statements in this press
release include statements regarding the value of a potential sale of
the Company based on expressions of interest received from auction
participants, alternative sales discussions with third parties and
potential transactions resulting from such discussions. The
forward-looking statements included in this press release are based on
reasonable assumptions, including that the expressions of interest and
discussions with third parties may result in a higher potential sales
price and that the Company will be able to successfully negotiate and
complete a sale with a third party. Factors that may cause results to
vary from anticipations include the risk that the Company may not be
able to successfully negotiate a sale on terms more favourable than
pursuant to the Offer and even if it is able to negotiate such a sale,
that may not be able to satisfy applicable conditions, including
receipt of requisite approvals, or complete the transaction. Although
Western Wind believes the expectations expressed in the forward-looking
statements are based on reasonable assumptions, such statements are not
guarantees of future outcomes and actual results may differ materially
from those contained in forward looking statements. Forward looking
statements are based on the beliefs, estimates and opinions of Western
Wind's management on the date the statements are made. Western Wind
undertakes no obligation to update these forward-looking statements in
the event that management's beliefs, estimates or opinions, or other
factors, should change, except as required by law.

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